Rounders is a 1998 American crimedrama film about the underground world of high-stakes poker, directed by John Dahl, and starring Matt Damon and Edward Norton. The film follows two friends who need to quickly earn enough cash playing poker to pay off a large debt. The term "rounder" refers to a person travelling around from city to city seeking high-stakes cash games.

Rounders opened to mixed reviews and made only a modest amount of money. However, with the growing popularity of Texas hold 'em and other poker games, the film has become a cult hit.

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Gifted poker player Mike McDermott (Matt Damon) loses his entire $30,000 bankroll in a hand of Texas hold'em against Teddy "KGB" (John Malkovich), a Russian mobster who runs an illegal underground poker room. Shaken, Mike decides to concentrate on law school while promising his girlfriend and fellow law student, Jo (Gretchen Mol) that he will not play poker anymore. Mentor and fellow rounder Knish (John Turturro) offers him a part-time job driving a delivery truck to make ends meet.

Time passes and Mike is true to his promise. He focuses on school and work until his childhood friend Lester "Worm" Murphy (Edward Norton) is released from prison. Worm is also a card player who owes an outstanding debt accumulated before his incarceration. His old friend, Grama, partnered with Teddy KGB and bought up his outstanding debt. At Worm's influence, Mike is soon rounding again, which interferes with his studies and hurts his relationship with Jo.

When Worm is given a five-day deadline to pay off his debt, Mike joins him in a furious race to earn the money. Worm wants to cheat to win, but Mike insists on playing the game straight. Playing in several card games in and around New York City, the two nearly make the $15,000 needed, but at a state troopers game, Worm gets caught "base-dealing" (dealing favorable cards from the bottom of the deck). They are beaten up and their bankroll is taken. After this, Worm decides to leave the city, and he advises Mike to do the same.

Mike refuses to flee and instead, with the help of a $10,000 loan from his law school professor Petrovsky (Martin Landau), sits down to play Teddy KGB heads-up in a No-Limit Texas Hold'em game. Mike beats Teddy KGB and pays off Worm's debt while being halfway towards paying back Petrovsky. As he is about to leave, KGB taunts Mike about beating him the last time they played. Mike hesitates before agreeing to play again, putting all his money on the line. As time passes, Mike is losing heavily again. Just before he loses it all a second time to KGB, he spots a tell. He uses this tell to turn around his fortunes and is able to make a comeback and eventually beat KGB by going all-in with a straight.

The film concludes with Mike paying back Worm's debt and the $10,000 loan from his law professor, and restoring his original bankroll of "three stacks of high society". Mike drops out of law school, says goodbye to Jo, and makes his way to Las Vegas to play in the World Series of Poker Main Event.

Film critic Roger Ebert gave the film three out of four stars and wrote: "Rounders sometimes has a noir look but it never has a noir feel, because it's not about losers (or at least it doesn't admit it is). It's essentially a sports picture, in which the talented hero wins, loses, faces disaster, and then is paired off one last time against the champ".[2] In her review for the New York Times, Janet Maslin wrote: "Though John Dahl's Rounders finally adds up to less than meets the eye, what does meet the eye (and ear) is mischievously entertaining".[3]USA Today gave the film three out of four stars and wrote: "The card playing is well-staged, and even those who don't know a Texas hold-'em ("the Cadillac of poker") from a Texas hoedown will get a vicarious charge out of the action".[4]Entertainment Weekly gave the film a "B" rating and Owen Gleiberman wrote, "Norton, cast in what might have once been the Sean Penn role (hideous shirts, screw-you attitude), gives Worm a shifty, amphetamine soul and a pleasing alacrity ... Norton's performance never really goes anywhere, but that's okay, since the story is just an excuse to lead the characters from one poker table to the next".[5]

Peter Travers, in his review for Rolling Stone said of John Malkovich's performance: "Of course, no one could guess the extent to which Malkovich is now capable of chewing scenery. He surpasses even his eyeballrolling as Cyrus the Virus in Con Air. Munching Oreo cookies, splashing the pot with chips (a poker no-no) and speaking with a Russian accent that defies deciphering ("Ho-kay, Meester sum of a beech"), Malkovich soars so far over the top, he's passing Pluto".[6] In his review for the San Francisco Chronicle, Mick LaSalle said of Damon's performance: "Mike should supply the drive the film otherwise lacks, and Damon doesn't. We might believe he can play cards, but we don't believe he needs to do it, in the way, say, that the 12-year-old Mozart needed to write symphonies. He's not consumed with genius. He's a nice guy with a skill".[7] In his review for the Globe and Mail, Liam Lacey wrote: "The main problem with Rounders is that the movie never quite knows what it is about: What is the moral ante?"[8]

Despite an unremarkable theatrical release, Rounders has a following, particularly among poker enthusiasts.[9][9]

There are pro poker players today who credit the film for getting them into the game.[10] The film drew in recent successful players such as Brian Rast, Hevad Khan, Gavin Griffin and Dutch Boyd. Vanessa Rousso has said of the film's influence: "There have been lots of movies that have included poker, but only Rounders really captures the energy and tension in the game. And that's why it stands as the best poker movie ever made."[10]

When asked in various interviews about the possibility of a sequel, Matt Damon stated that there could be a chance for that to happen, and according to him Norton, Malkovich and himself would like to reprise their roles. Miramax studios made a list of film which will be getting sequels, with Rounders 2 on it, and originally it was slated for release in 2012. However, as of 2015 no sequel has been made, and there is no news regarding Rounders 2.